---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-174559"
form_type: "8-K"
ticker: "BTM"
cik: "0001901799"
company_name: "Bitcoin Depot Inc."
filed_at: "2023-06-26T23:59:59+00:00"
generated_at: "2026-06-13T17:21:11.322398+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GSRM enters PIPE up to $50M for Bitcoin Depot merger; special meeting June 28

## Summary
- Entered PIPE agreement for up to ~$50M gross proceeds (PIPE + non-redemption) for business combination with Bitcoin Depot.
- Subscribers agreed to not redeem 700,000 shares and to purchase 4,300,000 Series A Preferred shares at $10/share.
- Proceeds released based on stock price during Reference Periods; company may owe deficiency payments.
- Special stockholder meeting on June 28, 2023 to vote on business combination and related proposals.
- Redemption deadline for public stockholders is June 26, 2023, 5:00 p.m. Eastern.

## SEC filing metadata
- accession: 0001193125-23-174559
- form_type: 8-K
- ticker: BTM
- cik: 0001901799
- company_name: Bitcoin Depot Inc.
- filed_at: 2023-06-26T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1901799/000119312523174559/0001193125-23-174559-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1901799/000119312523174559/d646464d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-174559
- JSON: https://secwatch.observer/filing/0001193125-23-174559.json
- Plain text: https://secwatch.observer/filing/0001193125-23-174559.txt

## Key facts
- Material Agreements
  Bitcoin Depot Inc. entered into PIPE Agreement with Lux Vending, LLC dba Bitcoin Depot ("BT OpCo"), and the subscribers set forth therein valued at gross proceeds of up to approximately $50 million (effective 2023-06-23).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Lux Vending, LLC dba Bitcoin Depot ("BT OpCo"), and the subscribers set forth therein
  - Value: gross proceeds of up to approximately $50 million
  - Effective: 2023-06-23
  source text: On June 23, 2023, GSR II Meteora Acquisition Corp. (the “Company”) entered into a PIPE Agreement, dated as of June 23, 2023 (the “PIPE Agreement”), by and among the Company, Lux Vending, LLC dba Bitcoin Depot (“BT OpCo”), and the subscribers set forth therein
  evidence_url: https://www.sec.gov/Archives/edgar/data/1901799/000119312523174559/0001193125-23-174559-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.